Michael Cannon-Brookes Sells 7,665 Shares of Atlassian (NASDAQ:TEAM) Stock

Atlassian Corporation PLC (NASDAQ:TEAM) CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $162.40, for a total value of $1,244,796.00. Following the completion of the transaction, the chief executive officer owned 53,655 shares of the company’s stock, valued at approximately $8,713,572. This represents a 12.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Michael Cannon-Brookes also recently made the following trade(s):

• On Tuesday, December 23rd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $161.30, for a total value of $1,236,364.50.
• On Wednesday, December 17th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $163.16, for a total value of $1,250,621.40.
• On Monday, December 15th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $158.92, for a total value of $1,218,121.80.
• On Friday, December 12th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $162.11, for a total transaction of $1,242,573.15.
• On Wednesday, December 10th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $161.79, for a total transaction of $1,240,120.35.
• On Monday, December 8th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $160.70, for a total transaction of $1,231,765.50.
• On Friday, December 5th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $160.48, for a total transaction of $1,230,079.20.
• On Wednesday, December 3rd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $155.08, for a total transaction of $1,188,688.20.
• On Friday, November 28th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $150.12, for a total transaction of $1,150,669.80.
• On Wednesday, November 26th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $148.29, for a total value of $1,136,642.85.

Atlassian Trading Down 1.1%

TEAM opened at $160.53 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The stock’s 50 day moving average price is $157.79 and its 200-day moving average price is $172.80. Atlassian Corporation PLC has a one year low of $139.70 and a one year high of $326.00. The stock has a market cap of $42.24 billion, a price-to-earnings ratio of -226.09, a P/E/G ratio of 25.15 and a beta of 0.89.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the business earned $0.77 EPS. Atlassian’s revenue was up 20.6% compared to the same quarter last year. On average, equities analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Wall Street analysts’ consensus price targets imply roughly ~44–45% upside vs. the current share price, supporting a constructive medium‑term case if Atlassian sustains revenue and margin improvement. Wall Street Analysts See a 44.75% Upside in Atlassian (TEAM)
• Positive Sentiment: MarketBeat highlights that Atlassian’s recent earnings beat and revenue growth leave upside still in play, which can support investor optimism if the company continues execution. Atlassian: Upside Still in Play After Impressive Earnings Spike
• Neutral Sentiment: Zacks included Atlassian on a list of “top‑ranked stocks with rising P/E,” suggesting a possible re‑rating if earnings expectations firm, but this is informational and not an immediate catalyst. Bet on These 5 Top-Ranked Stocks With Rising P/E
• Neutral Sentiment: Reported short interest data shows zero shares and a 0.0 days‑to‑cover figure — likely a reporting anomaly or immaterial in the near term; not a clear directional signal.
• Negative Sentiment: Repeated insider selling: CEO Michael Cannon‑Brookes and co‑founder/director Scott Farquhar have each sold multiple blocks of 7,665 shares across December (Dec. 3–23), which increases near‑term supply and can weigh on sentiment. See SEC filing for Dec. 19 sales. CEO Michael Cannon-Brookes SEC filing (Dec 19)
• Negative Sentiment: More insider sales disclosed on Dec. 23 further trimmed each executive’s stake (noted decreases of ~12.5–16.7% in specific filings), a pattern that often triggers short‑term selling pressure even if trades are for personal/liquidity reasons. MarketBeat coverage of director sale. Director Scott Farquhar SEC filing (Dec 19) Scott Farquhar Sells 7,665 Shares (MarketBeat)

Hedge Funds Weigh In On Atlassian

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DNB Asset Management AS lifted its position in shares of Atlassian by 266.6% during the third quarter. DNB Asset Management AS now owns 2,806,888 shares of the technology company’s stock valued at $448,260,000 after buying an additional 2,041,210 shares during the last quarter. Norges Bank purchased a new stake in Atlassian during the second quarter valued at approximately $377,794,000. Artisan Partners Limited Partnership lifted its position in Atlassian by 66.3% during the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock valued at $787,610,000 after acquiring an additional 1,545,546 shares during the last quarter. Vanguard Group Inc. boosted its stake in Atlassian by 6.0% in the third quarter. Vanguard Group Inc. now owns 18,479,561 shares of the technology company’s stock valued at $2,951,186,000 after acquiring an additional 1,049,483 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Atlassian by 145.6% in the first quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock worth $354,858,000 after purchasing an additional 1,016,902 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on TEAM. TD Cowen lowered their price target on Atlassian from $220.00 to $205.00 and set a “hold” rating for the company in a report on Monday, October 27th. BTIG Research started coverage on Atlassian in a report on Tuesday, December 16th. They issued a “buy” rating and a $220.00 target price for the company. Zacks Research upgraded Atlassian from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Citigroup restated a “buy” rating on shares of Atlassian in a report on Wednesday, October 22nd. Finally, Truist Financial set a $210.00 target price on shares of Atlassian in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $239.23.

Atlassian Company Profile

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.